Andersons (NASDAQ:ANDE) Director Patrick Bowe Sells 12,093 Shares

The Andersons, Inc. (NASDAQ:ANDE) Director Patrick Bowe sold 12,093 shares of the stock in a transaction that occurred on Wednesday, April 22nd. The shares were sold at an average price of $76.11, for a total value of $920,398.23. Following the transaction, the director owned 117,282 shares in the company, valued at $8,926,333.02. This trade represents a 9.35% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Andersons Price Performance

Shares of NASDAQ:ANDE traded up $0.80 during midday trading on Thursday, reaching $76.70. 69,602 shares of the company’s stock traded hands, compared to its average volume of 321,099. The Andersons, Inc. has a 1 year low of $31.03 and a 1 year high of $77.05. The company has a market cap of $2.61 billion, a P/E ratio of 27.44 and a beta of 0.68. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.60 and a current ratio of 1.41. The company has a fifty day simple moving average of $69.63 and a two-hundred day simple moving average of $58.66.

Andersons (NASDAQ:ANDE) last announced its earnings results on Tuesday, February 17th. The basic materials company reported $2.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.56 by $0.48. Andersons had a return on equity of 7.76% and a net margin of 0.87%.The firm had revenue of $2.54 billion for the quarter, compared to analyst estimates of $2.69 billion. During the same quarter last year, the firm posted $1.31 EPS. The business’s revenue was down 18.8% on a year-over-year basis.

Andersons Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 22nd. Stockholders of record on Wednesday, April 1st were given a dividend of $0.20 per share. The ex-dividend date was Wednesday, April 1st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.0%. Andersons’s dividend payout ratio (DPR) is 28.57%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of ANDE. AQR Capital Management LLC raised its holdings in shares of Andersons by 5.5% during the 1st quarter. AQR Capital Management LLC now owns 40,727 shares of the basic materials company’s stock worth $1,748,000 after acquiring an additional 2,137 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Andersons by 4.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,425 shares of the basic materials company’s stock worth $834,000 after acquiring an additional 866 shares during the period. Cetera Investment Advisers purchased a new position in shares of Andersons during the 2nd quarter worth $257,000. XTX Topco Ltd purchased a new position in shares of Andersons during the 2nd quarter worth $201,000. Finally, Norges Bank purchased a new position in shares of Andersons during the 2nd quarter worth $1,036,000. Hedge funds and other institutional investors own 87.06% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Andersons in a research report on Monday. Benchmark restated a “buy” rating on shares of Andersons in a report on Wednesday, February 18th. BMO Capital Markets raised their price objective on Andersons from $65.00 to $75.00 and gave the company an “outperform” rating in a report on Thursday, February 19th. Finally, Wall Street Zen lowered Andersons from a “buy” rating to a “hold” rating in a report on Saturday, March 14th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, Andersons has a consensus rating of “Moderate Buy” and a consensus price target of $68.33.

Andersons Company Profile

The Andersons, Inc operates as a diversified agriculture company offering a broad range of products and services to farmers, retailers and industrial customers. Through its Grain Group, the company purchases, stores, merchandises and transports corn, soybeans and other commodities, while its Renewables Group produces ethanol and distillers grains at multiple plants in the U.S. The Rail Group provides locomotive leasing, railcar repair and related maintenance services, and the Horticulture Group supplies turf, specialty and horticultural products to landscaping professionals and consumer lawn and garden retailers.

Founded in 1947 and headquartered in Maumee, Ohio, The Andersons has grown from a regional grain elevator operator into an integrated agribusiness platform.